REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 500,000
Est. payment | /mo
3 Baths
3,176 SqFt
$ 500,000
Est. payment | /mo
3 Baths
3,176 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3176
Square Footage 3,176 sqft
Price per Sqft $157
Subdivision 901 - Smiths Falls
MLS® Listing ID X13500348
Property Description
Turnkey mixed-use asset with a 7.6% cap rate, delivering dependable commercial and residential cash flow. Situated along Beckwith Street North in the heart of downtown Smiths Falls, this fully tenanted investment offers stable, diversified income from both retail and residential tenancies. The property comprises approximately 3,176 sq. ft. of above-grade space, including ground-floor commercial space with basement access and a well-configured three-bedroom apartment above, all within a traditional main street building supported by flexible C1 zoning. Current gross annual income is approximately $55,200, generating a net operating income of approximately $38,338. Recent capital improvements, including updates to the roof, windows, and doors, together with no reported deferred maintenance, further enhance the appeal of this well-maintained downtown holding with long-term upside in a strengthening secondary market. --- The sale of the property does not include the business. --- ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air, Hot water radiator heat,
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Virtual Tour https://earth.google.com/web/@44.90008736,-76.0215133,123.32814912a,1000d,30y,0h,0t,0r/data=CgRCAggBMikKJwolCiExMHR5aXNwMGxKTnRIRDcxNHczMVpwRzRNc2RsSnN1NEQgAToDCgEwQgIIAEoICKz71bsEEAE
Listed by RE/MAX HALLMARK REALTY GROUP